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Updated: May 18, 2025
How does the constant advance of labour-saving machinery affect these? What is the effect of machinery upon the demand for labour? In answering these questions we have to carefully distinguish the ultimate effect upon the labour-market as a whole, and the immediate effect upon certain portions of the labour-supply. It is generally urged that machinery employs as many men as it displaces.
In India, for example, despite a swarming and poverty-stricken population, the factories are unable to recruit an adequate or dependable labour-supply. Says M. Métin: "With such long hours and low wages it might be thought that Indian industry would be a formidable competitor of the West. This is not so. The reason is the bad quality of the work.
The workers come to the factories and mines as a last resort; they leave as soon as they can return to their prior occupations or find a more remunerative employment. Thus the factories can never count on a regular labour-supply. Would higher wages remedy this?
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